Zelda: The Ocarina of Time was the first in the series to really reach out the people playing it and make them go, "Wow... this is deep." The graphics were superb, and still playable to this day, the story was classical in a way Zelda can only be, and the game play was far smoother than anything else of it's time. So, as you can already tell, Ocarina of Time is my favorite pick.

Mine is Ocarina Of Time full stop, if they recreated it with better graphics and additional weapons and just a few more dungeons or mini games then that wud b woah lol

That would be the best thing ever. Can you image if they brought it over the the PS3? It would be an extreme experience... or if it was on the XboX 360... online capabilities might make it feel a little less isolated!